KARACHI: Despite a tumultuous pre-budget session, the Pakistan Stock Exchange (PSX) managed to finish in the green as investors anticipated Finance Minister Miftah Ismail’s address.
The benchmark KSE-100 index began in the red but quickly turned green. The investment mood remained upbeat as the market started operations in the second session, with prospects of a “progressive and business-friendly” budget.
The benchmark KSE-100 index ended the day at 42,014.73, down 2.78 points or 0.67 percent.
The PSX had erratic trading and ended the pre-budget session in the green.
During the session, 315 businesses’ shares were exchanged. 185 scrips finished in the green, 99 in the red, and 31 stayed unchanged at the end of the trade.
Overall trading volume increased to 115.87 million shares, up from 235.35 million on Wednesday. During the day, Rs3.1 billion worth of shares was exchanged.
With 12.01 million shares traded, TPL Properties was the most active, dropping Rs0.16 to settle at Rs19.38. G3 Technologies came in second with 10.43 million shares traded, up Rs0.31 to Rs9.43, while Lotte Chemical Pakistan came in third with 7.33 million shares traded, up Rs1.24 to Rs24.30.
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